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Listed by:

Beacon

Full Service Auto Shop For Sale

Morris County, New Jersey, US
Asking Price:
$350,000
Sales Revenue:
$722,028
Cash Flow:
$112,230

Expected Down Payment: $45,000

In the auto service industry, reputation is paramount to success. With 28 years of experience, the owner has trained a crew of technicians and mechanics to be experts in their fields and how to treat customers with respect and fairness.

Although there are several other independently-owned auto shops in the town and its surrounding areas, the auto shop has continued to grow its devoted base of fleet and non-fleet customers. The owner has turned his passion for mechanics into a highly successful enterprise. He has become not only an expert in car mechanics, but has been able to pass his wealth of knowledge to his five employees. His employees have a combined 50+ years of experience and have been instrumental in the continued success of the business.

The shop has now grown into a well oiled machine itself. It grossed an average of over $700,000 in annual revenue over the last four years, with a solid cash flow to the owner. It has a strong customer base and a personalized approach to customer service with a team of 3 employees in addition to the owner. The shop was able to withstand the pandemic far better than its competitors. With a customer retention rate of nearly 90%, the shop was even able to turn a decent profit despite the pandemic’s economic headwinds.

After an almost 30-year run in the automotive repair industry, the owner is looking to call it a day. He’s in search of an interested buyer to buy up the shop. It’s important to him that the buyer has strong ethics, is an honest person, and is dedicated to providing quality service. The owner and his family own the property and would structure a favorable long-term lease with the new owner.His shop is the ideal turn-key business for someone looking to expand locations within the Northern New Jersey area or strike out on their own, just as the owner did almost three decades ago.

Property Information

Real Estate:

Real Property Included

Location:

The store is located Northwest New Jersey along a major US highway.

Premises Details:

The facilities include 3,000 square feet of shop space. The shop is adjacent to a large parking lot for customers. Outside the shop is a well-landscaped yard with trees and bushes. The shop’s appearance and aesthetics align with its reputation for quality. In the last 3 years, there has been a considerable amount of work done to the shop's exterior. The shop has had a new facade installed, along with a new roof, gutters, and leaders.

Size in square feet:
3,000

Business Operation

Expansion Potential:

There are a number of opportunities to grow the business. First, a buyer could invest in outside sales to drive more commercial fleet work to the business. Second, there are a number of marketing channels like paid search rather than the CRM marketing that is mainly being used. The shop is currently only open Monday-Friday, the new owner could attract more business on Saturdays.

Competition / Market:

There are a few other independently-owned auto shops in the region that provide an array of similar services. The primary advantage that this auto shop has over its competitors is its reputation. Having been in the area for decades, the business has strong customer retention and word-of-mouth advertising. The other auto shops in the area are either newer or have not cemented themselves into the community as well as the current owner's business.

Reasons for selling:

The owner is looking to retire.

Trading hours:

Monday-Friday business working hours

Employees:
3
Years established:
1994

Other Information

Support & training:

The owner is willing to stay on for 1-3 months to help introduce the buyer to key clientele, the employees, and the operations of the business.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

The seller is willing to finance a portion (10-15%) of the transaction.

Related Documents:

Contact Beacon

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